Ex-Social Security head warns system could soon ‘collapse’ thanks to DOGE cuts
Former Social Security commissioner Martin O’Malley is warning that DOGE cuts will likely trigger the system to collapse “within 30 to 90 days.” Rep. Pramila Jayapal joins to discuss.
Former Social Security Head Warns System Could ‘Collapse’ in ‘Next 30 to 90 Days’
Martin O’Malley, former Social Security commissioner under the Biden administration, sounded the alarm over the Department of Government Efficiency’s cost-cutting measures at the agency, warning that the Social Security Administration could “collapse” within the next 30 to 90 days.
Former Social Security Chief Warns Musk’s Meddling Could Lead To ‘System Collapse’
Martin O’Malley, the former Social Security Administration commissioner, says Trump and Musk’s cuts could lead to “an interruption of benefits”
Elon Musk slams Social Security as a ‘Ponzi scheme,’ sparking new concerns
It’s one thing for Musk to peddle bogus claims about imagined Social Security “fraud.” It’s something else when he targets the system itself.
Elon Musk Accused of Social Security 'Disinformation Campaign'
The tech billionaire said Social Security is "the biggest Ponzi scheme of all time" during a podcast with Joe Rogan last week.
Elon Musk calls Social Security ‘the biggest Ponzi scheme of all time’
As Elon Musk continues to slash the budgets of government agencies at the behest of President Donald Trump, Social Security appears to be in the billionaire’s crosshairs. During an appearance on comedian Joe Rogan’s podcast last week, Musk criticized Social Security benefits, which are received by an estimated 72.5 million Americans.
Elon Musk calls Social Security a 'Ponzi scheme,' sparking Dem concerns over key benefit
The world's richest man argued that the retirement and disability benefit system poses a significant financial risk to America's future.
Democrats target Musk’s comments about the finances of social security
Democrats slammed Elon Musk after he said of the finances of the Social Security system: “Social Security is the biggest ponzi scheme of all time.” Social security currently pays out more in benefits than it recoups in taxes.
Elon Musk calls Social Security ‘the biggest Ponzi scheme of all time’ as calls mount to remove contribution caps for billionaires
DOGE cost-cutter-in-chief Elon Musk likened the U.S. retirement system to a pyramid scheme during a podcast with Joe Rogan.
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‘Prelude to privatization:’ Social Security confirms workforce reduction targets, continues to shutter offices
Despite most of the agency being exempt from deferred resignations and the government-wide hiring freeze, early retirement ...
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Ex-Social Security leader sounds alarm: DOGE staff cuts will lead to ‘total collapse’ of systems
“This is going to lead to total system collapse,” O’Malley told The Baltimore Sun. “It’s a very old, fragile computer system ...
Social Security changes in 2025: How old you need to be for full benefits
Yes, you can claim Social Security benefits as early as age 62, but your benefit will be permanently reduced. The reduction ...
O’Malley: DOGE cuts could soon trigger Social Security system ‘collapse’
Martin O’Malley, the former commissioner of the Social Security Administration (SSA), said Monday the recent cuts made by tech billionaire Elon Musk’s Department of Government Efficiency ...
President Trump's Potential Changes for Social Security So Far: 3 Things You Should Know
Social Security has long been in a fraught position. The program will need to reduce benefits in 10 years if Congress doesn't ...
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Social Security Disability Insurance March 2025: Here's When You'll Get Your Money
The Social Security Administration sends monthly payments to people who have a disability that stops or limits their ability ...
6 Social Security changes Americans are strongly opposed to
A NASI survey asked participants their feelings on possible reforms and found these six elicited strong aversion from most of ...